Jerseyville Economic Development Council Inc
- Assets
- $280.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Jerseyville, IL
- Founding
- 11/2018
- Data as of
- 12/2023
- EIN
- 81-1292218
Organization Overview
Jerseyville Economic Development Council Inc is located in Jerseyville, IL. The organization was established in 2018. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jerseyville Economic Development Council Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Jerseyville Economic Development Council Inc generated $95.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $102.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO DEVELOP, IMPLEMENT, OPERATE, AND MARKET A REGIONAL INTERNATIONAL TRADE PROCESSING SYSTEM IN THE JERSEY AND GREENE COUNTY, ILLINOIS IN ORDER TO IMPROVE ACCESS TO INTERNATIONAL MARKETS, LEAD EFFORTS WITH FEDERAL, STATE, AND LOCAL FUNDING AGENCIES, PROMOTE STRATEGIC RELATIONSHIPS WITH OTHER TRADE CENTERS, PROMOTE THE SAFE AND EFFICIENT USE OF A REGIONAL FREIGHT TRANSPORTATION SYSTEM, AND INCREASE THE ECONOMIC VITALITY FOR THE JERSEY AND GREENE COUNTY REGION AS A WHOLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William L Russell Chairman & President | 1 | $0 | |
Jeff Soer Treasurer | 1 | $0 | |
William H Strang Secretary | 1 | $0 | |
Alan Karcher Director | 1 | $0 | |
Mark Schaefer Director | 1 | $0 | |
Sandra Hefner Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $95,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,000 |
| Professional fees and other payments to independent contractors | $63,279 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,698 |
| Total expenses | $101,977 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $280,205 |
| Other assets | $0 |
| Total assets | $280,205 |
| Total liabilities | $0 |
| Net assets or fund balances | $280,205 |